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Dubai PropTech Business Group, operating under the umbrella of the Dubai Chamber of Commerce, has announced the signing of a strategic cooperation agreement with Changer Club, an international investment club established in 2019 and headquartered in the Swiss city of Lausanne, which includes 270 families of entrepreneurs and investors in 21 countries, with a total wealth of about $ 25 billion (91.8 billion dirhams), according to the club’s data. The agreement aims to connect real estate technology companies in Dubai with international investors and study investment opportunities in companies that develop scalable technical solutions in global markets.
Under the agreement, the Chinger Club has become the official investment partner of the Real Estate Technology Business Group in Dubai, allowing it to identify promising companies within the Group’s ecosystem and evaluate the investment opportunities available in it, in addition to providing channels of communication with international entrepreneurs and investors with experience in establishing and developing companies and expanding in foreign markets.
The Chinger Club operates through branches in Dubai and Zurich, covering the Middle East and Europe. His network includes families from the UAE, Saudi Arabia, Qatar, Kuwait, Lebanon, Jordan and Egypt, among other countries.
According to the club, its members participated through a joint investment mechanism in 31 investment deals in the technology sector in the United States, Europe and the Gulf region, including companies including IQM Finnish specialized in quantum computing, and the e-learning platform “Udemy”.
The new partnership focuses on supporting real estate technology companies operating in the fields of artificial intelligence, building automation, digital infrastructure, real estate asset management and real estate transaction solutions, with attention to companies that have viable technologies outside the UAE market.
The Dubai Property Technology Business Group was established in 2024 in collaboration with the Dubai Chamber of Commerce and Dubai Land Department. According to the data announced by the Group on the occasion of the one-year anniversary of its establishment, the number of active members exceeded 260 members, with the participation of 200 companies, while during its first year, five events were organized to present projects and investment opportunities to investors and representatives of the sector.
The statement pointed out that the value of the real estate technology market in Dubai amounted to about $599 million (2.2 billion dirhams) in 2023, according to government data reported, with the aim of raising its value to more than $1.23 billion (4.5 billion dirhams).
Jonas Rollo, co-founder of Chinger and president of the club in the Middle East and North Africa, said that Dubai has proven its ability to develop major real estate projects, while the next opportunity is to develop real estate technologies that can be used in global markets.
He explained that the club seeks to discover real estate technology companies launched from Dubai and have the ability to provide viable solutions in other cities, including London and New York, pointing out that the value provided by investors is not limited to capital, but includes entrepreneurial expertise and international business relations.
He added that the club’s focus is on investing in technologies that can contribute to the development of the real estate sector, rather than limiting direct investment in buildings and real estate projects.
Fadi Nouelati, Chairman of Dubai’s Real Estate Technology Business Group, said the agreement aims to connect innovative technology companies with a network of international pilot families with investment experience, commercial knowledge and access to new markets.
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